Earlier this week, GI Hub CEO Marie Lam-Frendo moderated a panel session on Accelerating, Targeting, and Blending Sustainable Investment at the Sustainable Markets Initiative (SMI) Terra Carta Action Forum. The session focused on solutions through which the private sector can direct more capital towards climate adaptation, resilience, and sustainable development, particularly in emerging markets and developing economies.
Hosted by the SMI with CPDQ, panellists included:
Brian Moynihan, CEO of Bank of America and Co-Chair of SMI provided opening remarks.
Marie Lam-Frendo said, “New financing solutions have the potential to propel the climate transition and the infrastructure sector forward, but this requires a global coordinated effort and open dialogue. Now is the time for strong efforts by MDBs, donors, and private investors to build capacity, especially in emerging markets, for financial innovation.”
In recent years, the G20 has repeatedly voiced its support of such instruments, like blended finance, to help close the sustainable financing gap, particularly in emerging markets. The GI Hub is committed to advancing this through our work for the G20 and with our partners. Over the last year we developed a new framework for the G20 that sets out four pillars and eight actions to drive forward sustainable infrastructure investments. You can view the framework here.
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